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2027 New Plan Year Checklist

The 2027 Plan Year is open

Update your participant information for the new plan year.

The 2027 retirement plan year runs from July 1, 2026 through June 30, 2027. The new plan year is a good time to enroll employees and encourage current participants to increase their retirement savings—even by 1%. 

Complete these four steps now to make sure your employee information and payment schedules are ready for the new plan year.

Log in to the MyRPB for Employers portal and:

  • Enroll new employees in the retirement plan on the “Manage Plan Participants” screen. (Need help? Visit the Enrolling Your Employees page for instructions and employee resources.)

  • Enter termination dates for employees who no longer work for you as of June 30, 2026 on the “Manage Plan Participants” screen. You can also enter future termination dates.

  • Add new compensation and contribution records for each existing or new employee—even if the information hasn't changed—so records remain current.

    • On the “Adjust Compensation & Contributions” screen, select “+ Add Record”.

    • Set the effective date to July 1, 2026 or the employee's start date.1

    • Visit the Enrolling Your Employees page to share the Power of Small Amounts calculator and sample Elective Deferral Form.

  • Schedule payments for the new plan year on the “Make Retirement Plan Payments” screen.

    • Employer and employee payment schedules do not carry over from the prior plan year. Create new schedules for the 2027 Plan Year.

    • The portal won’t default to the new plan year until July 1.

      • Before July 1, select 2027 when creating 2027 Plan Year payments.

      • After July 1, select 2026 when creating 2026 Plan Year payments.

    • Use the payment frequency options to match employee contribution payments to your payroll cycle.2

    • Employee contributions can’t exceed the IRS calendar year limit. Visit rpb.org/limits for the current limits. 

    • IMPORTANT: For employees affected by the IRS Roth catch-up rule for FICA high-wage earners, you must submit each employee contributions as one-time payments. Do not use the payment schedule tool. (Employer contributions may still be submitted using the payment schedule tool.)

RELATED DOCUMENTS & LINKS:

Are your plan payments up to date?

Review and pay all 2026 plan year balances. Go to “View Retirement Plan Summary” and then make the required payment.

  1. Or the appropriate date for your organization's fiscal year.
  2. The Department of Labor requires employers to make employee retirement plan contribution payments as soon as possible after the money is withheld from paychecks.
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